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29026910
29026916

200 Old Phelps Lane, Morehead, KY 40351

TH
KY 272958
SimpliHOM
Listed by SimpliHOM
$889,000
456 days on market
Updated 53 days ago

Commercial Land Development Opportunity off of I64

Details
Property Type Land
Sub Type Commercial
Price Per Acre $152,153
Broker Co-Op Yes
Acreage 6.500
Zoning flexible

Land | 6.5 acres

Marketing description

Discover the potential of this impressive 6.5-acre commercial property, conveniently located just off I-64 at exit 133. ***Owners’ willing to subdivide into smaller parcels. *** Priced competitively, this parcel is partially cleared and ready for excavation, making it an ideal investment for savvy developers and business owners. With over 400 feet of valuable road frontage, your venture will enjoy excellent visibility and accessibility.

Situated in one of the fastest-growing areas of Kentucky, this property serves as a key connector from the interstate to the breathtaking Cave Run Lake and the scenic Daniel Boone National Forest. The location is bustling with activity, with notable nearby attractions including the 60-acre Harvest Greenhouse, the Round County Airport, the National Guard Readiness Center, and the Maysville Community College campus.

Recent developments in the area underscore its growth potential, with the ribbon-cutting for Eastern Light Distilling—a remarkable $140 million investment in Rowan County—drawing attention to this vibrant community. Additionally, two new businesses are already breaking ground within half a mile: a new Liberty Mart and the Hog’s Trough Barbecue Restaurant, further enhancing the appeal of this location.

With flexible zoning, this property is primed for a variety of commercial endeavors—whether you envision a healthcare facility, an office complex, multifamily housing, or another innovative project, the possibilities are endless.

Don't miss your chance to capitalize on this exceptional opportunity in a thriving market. Contact us today for more information and to schedule a viewing! PHOTOS ARE CONCEPTUAL ONLY

Investment highlights

6.5-acre commercial property, conveniently located just off I-64 at exit 133.

Priced competitively, this parcel is partially cleared and ready for excavation, making it an ideal investment for savvy developers and business owners.

Strategic Location: Directly accessible from I64, ensuring high traffic exposure and easy access for customers and clients.

Flexible Zoning: The property benefits from flexible zoning, allowing for a wide range of commercial uses, from retail and office space to service-oriented businesses.

400 Feet of Road Frontage: Significant road frontage enhances visibility, making it an attractive option for businesses seeking to maximize exposure to passing traffic.

Potential for Subdivision: The owners may be willing to subdivide the property, providing flexibility for smaller developments or partnerships.

Partially Cleared: The site is already partially cleared, reducing preparation time and costs for potential buyers.

With flexible zoning, this property is primed for a variety of commercial endeavors—whether you envision a healthcare facility, an office complex, multifamily housing, or another innovative project, the possibilities are endless.

Listing Contacts

TH
KY 272958
SimpliHOM
Listed by SimpliHOM

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Additional Information

Name
Tamara Hurst
License
272958
Brokerage
eXp Realty
Brokerage Phone
502-229-3378
Title
REALTOR
Brokerage Address
401 West Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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